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8 Sep 2016
USD/CNY fix model: Projection at 6.6640 - Nomura
Nomura's model projects the fix to be 85 pips higher than the previous fix (6.6640 from 6.6555) and 1 pip lower than the previous official spot USD/CNY close of 6.6641. The basket implied change is 1 pip lower than the previous official spot USD/CNY close (6.6640 from 6.6641), Nomura adds.